24 Nelson Place
About This Property
The walk-out basement offers exceptional flexibility with the potential for additional living space, a home office, recreation area, or even a possible accessory apartment with proper permits.
Step outside to your own backyard retreat featuring an expansive paver patio, an impressive custom-covered outdoor bar, and a beautiful in-ground pool, creating the perfect setting for relaxing or entertaining all summer long.
This move-in-ready home combines comfort, functionality, and outstanding outdoor living. Conveniently located near shopping, restaurants, parks, and major roadways, this is an opportunity you won't want to miss!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017